Some cryptocurrencies, like Yuan Chain Coin, can only be purchased with another cryptocurrency on decentralized exchanges . To buy Yuan Chain Coin, you’ll need to first purchase Ethereum (ETH) and then use ETH to buy Yuan Chain Coin. And to do that, you need what’s called a self-custody wallet.
Read moreWhat is the yuan pay group?
What is the Yuan Pay Group? YuanPay Group provides an exchange to invest in digital currencies such as the digital yuan once it becomes available . The digital e-Yuan project is a crypto payment solution targeting the over 1 billion people in China.
Read moreAre yuan coins real?
The digital yuan is by no means a manifestation of cryptocurrency , which is banned in China. The PBOC has deemed bitcoin and the likes highly volatile, speculative and lacking intrinsic value, and pointed out that cryptocurrencies could be an instrument of money-laundering.
Read moreHow do I buy yuan pay cryptocurrency?
How to buy Yuan Chain Coin
Read moreHow do I buy the yuan digital currency?
How to buy Yuan Chain Coin
Read moreCan you buy China digital currency?
China launched its pilot digital yuan on Tuesday, Jan. 4, 2022. The digital currency works through a mobile app, e-CNY, which is available on Android and Apple app stores . The app is still in a development phase and is restricted to select users such as domestic banks as China plans a nationwide rollout.
Read moreWhen can you buy digital yuan?
As of March 26, 2022 , anyone can trade China’s new Digital Yuan cryptocurrency coin. As of now, YuanPay Group is the only approved and legalized company in China to trade and sell cryptocurrencies, and particularly this coin, given it’s country-backed nature.
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